Clubs overspending puts future of football at risk

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Clubs overspending puts future of football at risk
 © FinancialMirror 2020

Cypriot clubs overspending in recent years puts future of the game at risk, with a number of clubs close to bankruptcy or being sanctioned by European football governing body UEFA.

Cyprus football clubs in total lost a combined €23 mln in 2019 as big spenders failed to yield profits as 13 out of the 14 teams playing in next season’s First Division closed their books in the red.

Only Nea Salamina was able to record a profit of €358,000 on a club budget of around €800,000.

Cypriot teams strive...


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This article was automatically added to our system 28-6-2020

Clubs overspending puts future of football at risk


The contents of this article including any associated images are © FinancialMirror 2020
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Article Tags: clubs, overspending, future, football,